The following is a list of the prize money up for grabs for professional golfers at the 2014 Masters Tournament. The Masters is the first major played each year on the PGA Tour, and it is a coveted win for any and all golfers.

As you can see below, The Masters also offers some of the highest prize money for golfers in the world. In addition to the actual prize money golfers can earn by winning The Masters, a win at The Masters can bring additional income through endorsement money players can make from the publicity they gain by winning one of the most prestigious golf tournaments in the world.

Phil Mickelson, who has won three Masters, looked pretty good last week at the Shell Houston Open, finishing at seven under par. Rory McIlroy, who has yet to win The Masters, also looked good at the Shell Houston Open, where he finished at eight under par.

You know Phil Mickelson would love to win his fourth Green Jacket this week, and that Rory McIlroy would love to win his first Masters in 2014. The 2014 Masters is being played from Thursday, April 10 to Sunday, April 13, 2014, at Augusta National Golf Club in Augusta, Georgia.

Golf prize money up for grabs at the 2014 Masters at Augusta National

The total prize money up for grabs at the 2014 Masters is $8 million. The same amount of prize money that The Masters has paid out annually since 2011.

Winner - $1.62 million

The winner of the 2014 Masters will earn a very cool $1.62 million in prize money.

Second Place - $864,000

The second place finisher at the 2014 Masters will earn $864,000. The same amount of money Angel Cabrera earned at Augusta National with his second place finish last year.

Third Place - $544,000

The third place finisher will earn $544,000, the same amount Jason Day earned with his third place finish at the 2013 Masters at Augusta National.

Fourth Place - $410,000 (estimate)

In 2013, Tiger Woods and Mark Leishman split $704,000, with each player earning $352,000, when they tied for fourth place at The Masters at Augusta National.

Share this article

Joe Dorish has written sports articles as an independent contractor for sites like Yahoo for a number of years. He is a passionate and lifelong fan of baseball, basketball and pro and college football, especially the teams based in the NYC area. His articles have generated millions of views on Yahoo Sports, as well as other websites on the Internet.